Dated: 25.05.2015
Subject: Expression of interest (EOI) for appointment of
Internal Auditors for undertaking internal audit of
construction projects ( PMC, EPC & Real Estate).
1.NBCC Ltd., A Navaratna CPSE, having Head Office at NBCC
Bhawan, Lodhi Road, New Delhi- 110003 and Internal Audit Office at
Internal audit Div., Estate Maintenance Office, GPRA Complex, New
Moti Bagh, N. Delhi-110023 invites Expression of Interests from
reputed and experienced audit Firms for out sourcing internal audit
of construction projects (PMC, EPC & Real Estate).
3. The sealed offers containing expression of interest should be
submitted duly filled for technical evaluation along with unconditional
acceptance of terms and conditions with fees in the office of Internal
Audit at New Moti Bagh, New Delhi latest by 17.06.2015.
4. NBCC reserve the right to reject any or all the offers without
assigning any reason.
General Manager (Finance)
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GENERAL TERMS AND CONDITIONS FOR APPOINTMENT:
The CA Firms should be atleast ten years old having experience in
construction companies and conducted Internal/statutory audit in
PSUs in last five years. The Firms should have minimum three
partners and fifteen number of audit staff on roll (excluding
partners).
The extra marks shall be given for bigger firms
established more than ten years ago having more staff (qualified
article/ audit clerk) on roll. The preference shall be given to local
based firms having Head office as audit of projects shall have to be
undertaken as per availability of records in our zonal offices.
General Terms & Conditions:
1. Audit shall be undertaken with reference to check list provided
by NBCC detailing scope of work.
2. The Audit firm appointed by NBCC must not sub-contract the
work.
3. Firms selected by NBCC shall have to give an undertaking to
follow all ethics of faith and the information provided by NBCC
shall be kept strictly confidential.
4. If progress/performance of the audit team is not found
satisfactory, the management reserves the right to terminate
the appointment of the firm at any time.
5. The audit firm will be debarred from getting, in future, the
internal audit of NBCC in the following cases :a) If the firm obtains the appointment on the basis of false
information/false statement.
b) If the firm does not submit the Audit Report, complete in all
respect, in terms of appointment.
6. NBCC reserves the right to reject any or all bidders or cancel/
withdraw expression of interest without assigning and reasons
what so ever and in such cases, no bidder shall have any claim
arising out of such action.
7. The Audit of projects as per the assigned work has to be
completed and audit report should be submitted in a time
bound manner which will not exceed more than 45 days from
the date of letter of appointment.
8. In case of any dispute, the decision of NBCC Management shall
be final and binding.
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The audit programme and annual fees payable per project is
given as under:-
Category
Turnover
Slabs (in
crs.)
Frequency
of audit in
2015-16
Duration
of Each
Audit
A
200 crs &
above
1
05 days
B
100-<200
1
04 days
C
50-<100
1
04 days
D
15–<50
1
03 days
No. of
persons
required in
audit team
No of
man
days
Q=2
10
O=4
20
Q=1
4
O=4
16
Q=1
4
O=3
12
Q=1
3
O=2
6
Annual
Audit fee
per project
40,000.00
24,000.00
20,000.00
12,000.00
*Q=Qualified Chartered Accountant (FCA / ACA) as a team leader.
O=Other than team leader.
No transport/TA/DA/others expenses (except audit fees) will be payable by
corporation to CA firms undertaking Internal audit work locally.
These are only proposed draft terms and conditions and can be modified at
any time by the Corporation at its sole discretion.
SCOPE OF WORK: The CA firm has to carry out audit of accounts, books
pertaining to projects and compliance of conditions of award as per check
list provided by NBCC.
PLACE OF AUDIT : Records pertaining to audit shall be available at Zonal
Offices located at Delhi & NCR/ Chennai/ Bangalore/ Hyderabad/ Mumbai/
Kolkata/Patna/Ranchi/ Bhuvneshwar / Guwahati /Agartala / Noida/Lucknow
/ Dehradun /Bhopal / Surat/Chandigarh/Sri Nagar (J & K) /Jaipur & etc.
SUBMISSION OF AUDIT REPORT:
On completion of audit, the
observations noticed shall be discussed with project/zonal office officials
and audit report shall be prepared/submitted in triplicate, one copy for
Zonal Head and two copies to Internal Audit Section, NBCC Ltd., Estate
Maintenance Office, GPRA Complex, New Moti Bagh, New Delhi - 110023.
PAYMENT OF AUDIT FEES: The audit fees will be paid category wise as
mentioned above plus Service Tax per project. 100% fee shall be payable
after completion of audit and submission of final audit report in time. No
advance shall be payable under any circumstances and payment shall be
remitted through RTGS as per the bank detail mentioned on bill submitted
to Corporation. TDS shall be deducted as per Income Tax Act, 1961 for
which TDS Certificate shall be issued by NBCC.
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EVALUATION CRITERIA FOR AUDIT FIRMS
Sl.
No. Particulars
01.
Year of
Incorporation
02.
No. of
partners
03.
04.
05.
06.
No. of audit
staff on roll
(other than
partners)
PSU Audits
(Statutory
/Internal
Audit) in last
05 years
Experience in
Construction
Company
(Statutory
/Internal
Audit)
Local
Presence
Minimum
reqmnt.
Basis
of Marks
Marks
allocable
allocation
years 01 marks for
each year
- -
10
old
03 nos.
15persons
-
-
-
-
-
-
Remarks
FCA Partner
ACA partner
05 per person
04 per person
FCA
ACA
Article/ Audit
clerk
Maha Ratna,
Nav Ratna,
Mini
Ratna,
Others PSUs
03 per person
02 per person
01 per person
Subject
maximum
marks
Subject
maximum
marks
Subject
maximum
marks
05
03
02
01
Subject
to
maximum 10
marks
} per audit
} per year
}
}
Construction
company
05 marks per
should be
audit
a) Listed, or
b)
Turnover
>Rs.1000/crs.
or
c)
Networth
>Rs.500/-crs.
for
the
auditing year.
Same City
HO - 10
Branch - 02
to
20
to
20
to
30
Subject
to
maximum 10
marks.
Subject
to
maximum 10
marks.
Total marks allocable -100
Note:- Firms are requested to fill in required detail regarding their
organisation/firm set up based on above parameters.
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